Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1400-1650 22Nd St West Des Moines, IA 50266
    Back to Search
    Property profile & analytics

    1400-1650 22Nd St West Des Moines, IA 50266

    View on Map
    • Retail properties & Spaces
    • 181,974 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1400-1650 22Nd St

    Property size
    181,974 SF
    Property type
    Retail properties & Spaces

    Description

    Westowne Center, located at 1400-1650 22nd Street in West Des Moines, Iowa (zip code 50266), presents a unique opportunity for retail businesses seeking high-visibility locations within a thriving market. This Class A retail center boasts a total of 181,974 square feet and offers multiple tenancy options. Two spaces are currently available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 13,691 square feet, providing flexibility for various business needs. The center enjoys an exceptional location at the intersection of I-235, 22nd Street, and Westown Parkway, ensuring unparalleled freeway visibility and convenient access for customers throughout the Des Moines Metropolitan Statistical Area (MSA). Westowne Center has a long and successful history of high occupancy rates, demonstrating its enduring appeal and strong market position. The available spaces represent rare opportunities for anchor, junior box, and pad tenants to establish a presence in this highly sought-after retail destination. This property offers a compelling combination of size, location, and proven performance, making it an ideal choice for businesses seeking to expand or establish themselves in the Des Moines market. Contact us today to learn more about these exceptional leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7383
    Latitude
    41.5944

    Comparable in this City

    • Value Estimation by Request
      17,500 SF

      5901 Mills Civic Pkwy

      Neighborhood centers • 17,500 SF
      5901 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request
      1.00 Acre

      91St St

      Land • 1.00 Acre
      0 91St St, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request
      17,082 SF

      6920 Ep True Pkwy

      Retail properties & Spaces • 17,082 SF
      6920 Ep True Pkwy, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request
      10,600 SF

      445 68Th St

      Individual retail properties • 10,600 SF
      445 68Th St, West Des Moines, IA 50266
      View Details
    • Value Estimation
      $690,000
      5,805 SF

      2401 Westown Pkwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,805 SF
      2401 Westown Pkwy, West Des Moines, IA 50266-1425
      View Details
    • Value Estimation by Request
      63,474 SF

      1600 Valley West Dr

      Neighborhood centers • 63,474 SF
      1600 Valley West Dr, West Des Moines, IA 50266
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      30.71 Acres Available

      30.71 acres available for retail, medical, or office use.
      8670 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • $6,293,000
      6,674 SF

      West Des Moines Fueling Station

      Fueling station with convenience store, long-term corporate lease.
      9150 SE University Ave, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      19,687 SF

      Two-Tenant Retail Asset For Sale

      Two-tenant retail property with long-term leases in West Des Moines.
      6503 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      856,000 SF

      Valley West Mall Development Opportunity

      856,000 SF retail property on 57.72 acres in Iowa.
      1551 Valley West Dr, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      7,485 SF

      West Des Moines Retail Building

      7,485 SF retail building in West Des Moines, Iowa.
      5859 Ashworth Rd, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      0.26 Acres

      West Des Moines Commercial Land

      Prime Iowa land, build your dream.
      Plat 1&2 Timber Knl, West Des Moines, IA 50266
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      30.71 Acres Available

      30.71 acres available for build-to-suit or ground lease.
      8550 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Shop and office spaces for rent in Clive/West Des Moines.
      2600 University Ave, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      5,086 SF

      Retail Space in Community Center

      Retail space available in a community retail center.
      2800 University Ave, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      2,298 SF

      Prime Retail Space Available

      High-visibility retail space near Jordan Creek Town Center.
      210 Jordan Creek Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      New Mixed-Use Development Retail Space

      Retail space available in West Des Moines mixed-use development.
      950 Jordan Creek Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      3,447 SF

      West Des Moines Retail/Office Space

      3,447 SF office/retail space available for lease.
      6750 Westown Pkwy, West Des Moines, IA 50266
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1400-1650 22Nd St
    West Des Moines, IA 50266
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1400-1650 22Nd St, West Des Moines, IA, 50266
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!